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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	147,244		$	217,155		$	—	$	364,399
Cost of sales	87			130,034			190,716			—		320,837
Gross profit (loss)	(87		)	17,210			26,439			—		43,562
Selling, general and administrative expenses	3,066			14,043			17,354			—		34,463
Research and development expenses	—			950			1,658			—		2,608
Royalty expense	250			1,410			873			—		2,533
Income (loss) from operations	(3,403		)	807			6,554			—		3,958
Interest expense	(7,234		)	—			(86		)	—		(7,320		)
Intercompany interest income (expense)	588			1,947			(2,535		)	—		—
Foreign exchange loss	—			(41		)	(5,216		)	—		(5,257		)
Other income (loss)	931			(26		)	1,303			—		2,208
Income (loss) before income taxes	(9,118		)	2,687			20			—		(6,411		)
Provision (benefit) for income taxes	(3,185		)	1,321			1,990			—		126
Equity in earnings of subsidiaries	(603		)	—			(3,686		)	4,289		—
Net income (loss)	(6,536		)	1,366			(5,656		)	4,289		(6,537		)
Net loss noncontrolling interests	—			—			(244		)	—		(244		)
Net income (loss) attributable to Titan	$	(6,536	)	$	1,366		$	(5,412	)	$	4,289	$	(6,293	)



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	126,140	$	204,074		$	—		$	330,214
Cost of sales	77			105,735		180,684			—			286,496
Gross profit (loss)	(77		)	20,405		23,390			—			43,718
Selling, general and administrative expenses	2,969			15,787		17,546			—			36,302
Research and development expenses	—			677		2,037			—			2,714
Royalty expense	125			1,080		904			—			2,109
Income (loss) from operations	(3,171		)	2,861		2,903			—			2,593
Interest expense	(7,811		)	—		(171		)	—			(7,982		)
Intercompany interest income (expense)	363			—		(363		)	—			—
Foreign exchange gain	—			204		1,978						2,182
Other income	245			74		2,730			—			3,049
Income (loss) before income taxes	(10,374		)	3,139		7,077			—			(158		)
Provision (benefit) for income taxes	(648		)	1,674		2,622			—			3,648
Equity in earnings of subsidiaries	7,277			—		(200		)	(7,077		)	—
Net income (loss)	(2,449		)	1,465		4,255			(7,077		)	(3,806		)
Net loss noncontrolling interests	—			—		(550		)	—			(550		)
Net income (loss) attributable to Titan	$	(2,449	)	$	1,465	$	4,805		$	(7,077	)	$	(3,256	)



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	291,080		$	430,820		$	—	$	721,900
Cost of sales	156			256,745			381,708			—		638,609
Gross profit (loss)	(156		)	34,335			49,112			—		83,291
Selling, general and administrative expenses	7,938			31,313			36,550			—		75,801
Research and development expenses	—			1,853			3,598			—		5,451
Royalty expense	667			2,704			1,771			—		5,142
Income (loss) from operations	(8,761		)	(1,535		)	7,193			—		(3,103		)
Interest expense	(14,679		)	—			(362		)	—		(15,041		)
Intercompany interest income (expense)	1,169			1,946			(3,115		)	—		—
Foreign exchange loss	—			(41		)	(726		)	—		(767		)
Other income (loss)	2,212			(171		)	3,316			—		5,357
Income (loss) before income taxes	(20,059		)	199			6,306			—		(13,554		)
Provision (benefit) for income taxes	(1,510		)	1,495			3,583			—		3,568
Equity in earnings of subsidiaries	4,372			—			(8,409		)	4,037		—
Net income (loss)	(14,177		)	(1,296		)	(5,686		)	4,037		(17,122		)
Net income noncontrolling interests	—			—			624			—		624
Net income (loss) attributable to Titan	$	(14,177	)	$	(1,296	)	$	(6,310	)	$	4,037	$	(17,746	)



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	270,174		$	381,834		$	—		$	652,008
Cost of sales	572			234,472			344,949			—			579,993
Gross profit (loss)	(572		)	35,702			36,885			—			72,015
Selling, general and administrative expenses	5,351			32,473			33,540			—			71,364
Research and development expenses	—			1,445			3,748			—			5,193
Royalty expense	417			2,276			1,710			—			4,403
Loss from operations	(6,340		)	(492		)	(2,113		)	—			(8,945		)
Interest expense	(16,094		)	—			(400		)	—			(16,494		)
Intercompany interest income (expense)	652			—			(652		)	—			—
Foreign exchange gain	—			203			6,802						7,005
Other income	608			158			6,188			—			6,954
Income (loss) before income taxes	(21,174		)	(131		)	9,825			—			(11,480		)
Provision (benefit) for income taxes	(270		)	1,865			3,057			—			4,652
Equity in earnings of subsidiaries	9,720			—			(2,206		)	(7,514		)	—
Net income (loss)	(11,184		)	(1,996		)	4,562			(7,514		)	(16,132		)
Net loss noncontrolling interests	—			—			(133		)	—			(133		)
Net income (loss) attributable to Titan	$	(11,184	)	$	(1,996	)	$	4,695		$	(7,514	)	$	(15,999	)

Condensed Statement of Comprehensive Income [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(6,536	)	$	1,366	$	(5,656	)	$	4,289		$	(6,537	)
Currency translation adjustment	8,006			—		8,006			(8,006		)	8,006
Pension liability adjustments, net of tax	989			625		364			(989		)	989
Comprehensive income (loss)	2,459			1,991		2,714			(4,706		)	2,458
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(1,562		)	—			(1,562		)
Comprehensive income (loss) attributable to Titan	$	2,459		$	1,991	$	4,276		$	(4,706	)	$	4,020



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(2,449	)	$	1,465	$	4,255		$	(7,077	)	$	(3,806	)
Currency translation adjustment	4,346			—		4,346			(4,346		)	4,346
Pension liability adjustments, net of tax	448			734		(447		)	(287		)	448
Comprehensive income (loss)	2,345			2,199		8,154			(11,710		)	988
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		706			—			706
Comprehensive income (loss) attributable to Titan	$	2,345		$	2,199	$	7,448		$	(11,710	)	$	282



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Six Months Ended June 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(14,177	)	$	(1,296	)	$	(5,686	)	$	4,037		$	(17,122	)
Currency translation adjustment	19,025			—			(19,025		)	19,025			19,025
Pension liability adjustments, net of tax	1,722			1,250			472			(1,722		)	1,722
Comprehensive income (loss)	6,570			(46		)	(24,239		)	21,340			3,625
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—			1,221			—			1,221
Comprehensive income (loss) attributable to Titan	$	6,570		$	(46	)	$	(25,460	)	$	21,340		$	2,404



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Six Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(11,184	)	$	(1,996	)	$	4,562		$	(7,514	)	$	(16,132	)
Currency translation adjustment	21,931			—			(21,931		)	21,931			21,931
Pension liability adjustments, net of tax	735			1,469			(734		)	(735		)	735
Comprehensive income (loss)	11,482			(527		)	(18,103		)	13,682			6,534
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—			6,106			—			6,106
Comprehensive income (loss) attributable to Titan	$	11,482		$	(527	)	$	(24,209	)	$	13,682		$	428

Condensed Balance Sheet [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Balance Sheets June 30, 2017
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	77,811	$	10		$	65,415		$	—		$	143,236
Certificates of deposit	10,000		—			—						10,000
Accounts receivable, net	—		66,249			153,675			—			219,924
Inventories	—		89,452			234,039			—			323,491
Prepaid and other current assets	10,476		21,117			46,820			—			78,413
Total current assets	98,287		176,828			499,949			—			775,064
Property, plant and equipment, net	3,733		115,631			316,367			—			435,731
Investment in subsidiaries	760,754		—			76,746			(837,500		)	—
Other assets	17,828		980			82,348			—			101,156
Total assets	$	880,602	$	293,439		$	975,410		$	(837,500	)	$	1,311,951
Liabilities and Equity
Short-term debt	$	—	$	—		$	42,563		$	—		$	42,563
Accounts payable	4,903		19,995			162,179			—			187,077
Other current liabilities	24,563		31,167			62,294			—			118,024
Total current liabilities	29,466		51,162			267,036			—			347,664
Long-term debt	396,344		—			12,445			—			408,789
Other long-term liabilities	24,743		17,274			54,057			—			96,074
Intercompany accounts	66,287		(272,447		)	206,160			—			—
Redeemable noncontrolling interest	—		—			108,839			—			108,839
Titan shareholders' equity	363,762		497,450			331,500			(837,500		)	355,212
Noncontrolling interests	—		—			(4,627		)	—			(4,627		)
Total liabilities and equity	$	880,602	$	293,439		$	975,410		$	(837,500	)	$	1,311,951



(Amounts in thousands)	Condensed Consolidating Balance Sheets December 31, 2016
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	86,190	$	9		$	61,628		$	—		$	147,827
Certificates of deposit	50,000		—			—			—			50,000
Accounts receivable, net	—		43,485			135,899			—			179,384
Inventories	—		76,823			195,413			—			272,236
Prepaid and other current assets	11,965		21,901			45,868			—			79,734
Total current assets	148,155		142,218			438,808			—			729,181
Property, plant and equipment, net	4,898		124,049			308,254			—			437,201
Investment in subsidiaries	742,679		—			87,385			(830,064		)	—
Other assets	23,627		1,118			74,769			—			99,514
Total assets	$	919,359	$	267,385		$	909,216		$	(830,064	)	$	1,265,896
Liabilities and Equity
Short-term debt	$	60,148	$	—		$	37,264		$	—		$	97,412
Accounts payable	4,187		14,398			129,670			—			148,255
Other current liabilities	34,140		34,475			51,822			—			120,437
Total current liabilities	98,475		48,873			218,756			—			366,104
Long-term debt	395,852		—			12,908			—			408,760
Other long-term liabilities	27,636		18,473			47,235			—			93,344
Intercompany accounts	94,977		(300,823		)	205,846			—			—
Redeemable noncontrolling interest	—		—			104,809			—			104,809
Titan shareholders' equity	302,419		500,862			323,600			(830,064		)	296,817
Noncontrolling interests	—		—			(3,938		)	—			(3,938		)
Total liabilities and equity	$	919,359	$	267,385		$	909,216		$	(830,064	)	$	1,265,896

Condensed Cash Flow Statement [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(43,700	)	$	2,191		$	10,956		$	(30,553	)
Cash flows from investing activities:
Capital expenditures	(716		)	(2,534		)	(11,902		)	(15,152		)
Certificates of deposit	40,000			—			—			40,000
Other, net	—			344			694			1,038
Net cash provided by (used for) investing activities	39,284			(2,190		)	(11,208		)	25,886
Cash flows from financing activities:
Proceeds from borrowings	—			—			27,742			27,742
Payment on debt	(3,393		)	—			(25,684		)	(29,077		)
Dividends paid	(570		)	—			—			(570		)
Net cash provided by (used for) financing activities	(3,963		)	—			2,058			(1,905		)
Effect of exchange rate change on cash	—			—			1,981			1,981
Net increase (decrease) in cash and cash equivalents	(8,379		)	1			3,787			(4,591		)
Cash and cash equivalents, beginning of period	86,190			9			61,628			147,827
Cash and cash equivalents, end of period	$	77,811		$	10		$	65,415		$	143,236



(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(7,085	)	$	4,255		$	32,502		$	29,672
Cash flows from investing activities:
Capital expenditures	451			(4,304		)	(14,197		)	(18,050		)
Other, net	—			49			1,245			1,294
Net cash provided by (used for) investing activities	451			(4,255		)	(12,952		)	(16,756		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			1,559			1,559
Payment on debt	—			—			(10,248		)	(10,248		)
Dividends paid	(540		)	—			—			(540		)
Net cash used for financing activities	(540		)	—			(8,689		)	(9,229		)
Effect of exchange rate change on cash	—			—			3,363			3,363
Net increase (decrease) in cash and cash equivalents	(7,174		)	—			14,224			7,050
Cash and cash equivalents, beginning of period	142,401			4			57,783			200,188
Cash and cash equivalents, end of period	$	135,227		$	4		$	72,007		$	207,238